THE BIG PICTURE: A major disconnect is forming between Ethereum's price and its network growth. $ETH now has over 189 million holders, more than 3x the 59 million for Bitcoin ($BTC), according to wallet data. This fundamental adoption comes despite a brutal 30%+ price decline over the past month. The weakness has even forced large treasury holders like FG Nexus to sell at a significant loss. However, some analysts see a silver lining. Michaël van de Poppe notes the daily RSI for Ethereum is at its lowest ever, a classic oversold signal that could precede a market turnaround. https://t.co/jEQxt7DmUa
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